How To Fix MQ794 - Retained losses are not defined in selected item table

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 794

• Message text: Retained losses are not defined in selected item table

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message MQ794 - Retained losses are not defined in selected item table ?

  The SAP error message MQ794, which states "Retained losses are not defined in selected item table," typically occurs in the context of financial accounting or controlling modules, particularly when dealing with profit and loss statements or balance sheets. This error indicates that the system is unable to find the necessary configuration for retained earnings in the specified item table.
  Cause:
  
  Missing Configuration: The retained earnings accounts may not be properly configured in the system. This can happen if the relevant account settings have not been defined in the financial accounting settings.
  Incorrect Item Table: The item table being referenced may not have the necessary entries for retained earnings, or the wrong table may be selected.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries related to retained earnings.
  Version or Upgrade Issues: If the system has been recently upgraded, some configurations may have been lost or not properly migrated.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Create/Change G/L Account.
  Ensure that the retained earnings accounts are defined correctly and are assigned to the appropriate item table.
  
  
  
  Define Retained Earnings Account:
  
  If the retained earnings account is not defined, create a new G/L account for retained earnings and ensure it is set up correctly.
  Make sure that the account is marked as a balance sheet account and is configured for the correct fiscal year.
  
  
  
  Check Item Table:
  
  Verify that the item table being used in the report or transaction is the correct one and that it includes the necessary entries for retained earnings.
  
  
  
  Review Migration Data:
  
  If data migration is involved, review the migration process to ensure that all necessary data, including retained earnings, has been transferred correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on configuring retained earnings in your version of SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB53 (for retained earnings account configuration) and FS00 (for G/L account master data).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to resolve the MQ794 error and ensure that retained earnings are properly defined in your SAP system.